Daiichi Life Insurance Co. Ltd. Acquires New Shares in Ross Stores, Inc. $ROST

Daiichi Life Insurance Co. Ltd. bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 43,624 shares of the apparel retailer's stock, valued at approximately $9,285,000.

Several other large investors have also modified their holdings of the business. Woodline Partners LP raised its stake in Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer's stock worth $3,562,000 after buying an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer's stock worth $79,000 after buying an additional 117 shares during the period. NewEdge Advisors LLC boosted its position in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer's stock valued at $1,350,000 after acquiring an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer's stock valued at $19,200,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Ross Stores by 2.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer's stock valued at $1,605,000 after acquiring an additional 265 shares during the period. Institutional investors own 86.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Ross Stores from $265.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley increased their target price on shares of Ross Stores from $231.00 to $234.00 and gave the company an "equal weight" rating in a research report on Friday. Sanford C. Bernstein raised their target price on shares of Ross Stores from $230.00 to $240.00 and gave the company a "market perform" rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Ross Stores from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Telsey Advisory Group upped their price target on Ross Stores from $265.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Ross Stores presently has an average rating of "Moderate Buy" and a consensus price target of $263.76.

More Ross Stores News

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Q2 results exceeded expectations: Ross reported diluted EPS of $2.66 versus the approximately $1.95 consensus estimate, while revenue rose 13.3% year over year to $6.26 billion, ahead of the $6.16 billion forecast. Comparable-store sales increased 10%, supported by stronger customer traffic, improved merchandising and higher margins. Ross Stores Q2 Earnings Top Estimates on Strong Sales Growth Momentum
• Positive Sentiment: Higher outlook signals continued momentum: Management raised fiscal 2026 EPS guidance to $8.61-$8.77, well above the prior outlook and the roughly $7.31 analyst consensus. Third- and fourth-quarter EPS guidance also came in above expectations. The company cited resilient demand for discounted apparel and accessories and raised its fiscal-year store-opening plan to 115 locations. Ross Stores raises annual profit forecast again on discounted apparel demand
• Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $272 and maintained an Overweight rating, while Robert W. Baird raised its target to $270 and kept an Outperform rating. These revisions reinforce expectations that Ross is gaining market share from rivals. Analysts Boost Forecasts on Ross Stores
• Neutral Sentiment: Approximately $253 million of tariff refunds benefited second-quarter operating income, creating a potential comparison headwind when assessing underlying profitability. Ross Stores Q2 Sales Rise 13% as Diluted EPS Reaches $2.66
• Negative Sentiment: BTIG analyst Robert Drbul reiterated a Hold rating, indicating that strong execution may already be reflected in ROST’s premium valuation. Recent insider activity also showed sales but no purchases, a modest sentiment caution. Analyst Reiterates Hold on Ross Stores

Ross Stores Stock Performance

ROST opened at $239.04 on Friday. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The company has a market cap of $76.68 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The firm's 50-day moving average price is $233.81 and its 200-day moving average price is $221.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 40.28%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.16 billion. During the same period last year, the business earned $1.56 EPS. Ross Stores's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Ross Stores, Inc. will post 8.13 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th. Ross Stores's payout ratio is presently 21.55%.

Ross Stores Company Profile

Ross Stores, Inc NASDAQ: ROST is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd's DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross's business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.

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